Finance & Operations Director

$120k – $160k • 0.15% – 0.30%

Summary:

• The first peer-to-peer sports prediction market, recently closed a $6m seed round from YC, Lux, Soma, Paul Graham, Joe Montana, Innospark, the founders of Instacart and Dropbox, and many other top angels and funds
• Live in 42 states + DC, Novig has grown from $0 in August 2024 to ~$1 billion annual run-rate trading volume today
• Looking for a Finance & Operations Manager or Director to work out of our NY office (4 days/week on-site)
• Salaries at the top of benchmarks, with significant equity ownership and generous benefits
• Founders are recent Harvard grads with quant experience at Jane Street and BoA and years of experience as sharp sports bettors
• $300B annually bet on sports in the US and the size of the market is rapidly growing, particularly given the opportunity for operators to capitalize on the sweepstakes business model
• Currently the only way to bet is with retail sportsbooks which have egregious margins, discriminatory and inefficient practices, and a stale betting experience
• Novig is a sports prediction market that guarantees users the best lines by allowing them to play directly against friends or the market, rather than against the house, making the wagering experience more efficient, fair, and, most importantly, profitable

What will you do?

This role requires a dynamic leader who can wear multiple hats in our fast-paced startup environment. You'll be instrumental in shaping our financial future, optimizing our operations, and positioning Novig for success in the competitive sports prediction market landscape

Your responsibilities will encompass:

Financial Leadership and Strategic Planning

• Oversee financial planning, analysis, and reporting to provide accurate insights for decision-making
• Create sophisticated financial models and compelling forecasts to support our upcoming fundraising efforts and guide business growth
• Develop high-level monetization strategies to optimize revenue streams and enhance product value
• Lead internal tax & accounting efforts in partnership with our third-party accounting resources

Payment and Cash Management

• Implement and manage payment systems, drive the onboarding of additional providers, and optimize blended fees for cost efficiency
• Develop robust systems to track all financial transactions and cash positions across multiple accounts in real-time
• Oversee the billing process, ensuring accurate invoicing and managing accounts receivable to maintain healthy cash flow

Operational Excellence and Data Analytics

• Collaborate with the marketing team to design and execute data-driven promotional strategies
• Leverage business intelligence tools to transform raw data into actionable insights for informed decision-making
• Implement data-driven strategies to enhance operational efficiency and identify growth opportunities

Vendor and Investor Relations

• Establish and maintain strong relationships with key vendors, negotiating contracts to ensure favorable terms
• Build and nurture relationships with potential investors, developing compelling materials
• Conduct regular vendor performance reviews and optimize the vendor portfolio to align with Novig's strategic objectives

What are we looking for?

Qualifications

• Bachelor’s degree in Finance, Business Administration, or a related field; MBA is a plus but not required.
• 3–6 years of experience in investment banking, consulting, FP&A at a high-growth startup.
• Strong analytical skills with proficiency in financial modeling and data analysis tools (e.g., Excel, QuickBooks).
• Exceptional project management and documentation skills with the ability to handle multiple priorities in a fast-paced environment.

Core Competencies

• Proactivity & Problem-Solving: A self-starter who thrives in ambiguity and can independently identify and solve problems.
• Communication: Strong executive presence with excellent verbal and written communication skills; capable of interfacing with executives, investors, and customers.
• Organizational Skills: Highly detail-oriented with exceptional organizational abilities to manage complex workflows.
• Leadership & Collaboration: A team player who builds trust across all levels of the organization while driving results.

Preferred Attributes

• Passion for sports betting or markets is highly desirable.
• Experience working in early-stage startups or high-growth environments.
• Intellectual curiosity with the ability to research new challenges and implement effective solutions quickly.

Who is Novig?

At Novig, we have reimagined the sports betting landscape by building a sweepstakes-based sports prediction market. Our innovative platform allows users to engage in sports predictions without traditional gambling constraints. By leveraging the sweepstakes model, we ensure compliance with regulatory requirements while providing a unique, engaging, and profitable experience for our users. Our goal is to make sports prediction more accessible, fair, and enjoyable.

Novig’s founders, Jacob and Kelechi, are recent Harvard grads with experience at Jane St & BoA who started Novig with the belief that a commission-free P2P exchange model will replace the exploitative and unprofitable betting model of traditional sportsbooks. They themselves were sophisticated sports bettors who grew increasingly frustrated by the latency, discriminatory practices, monotony, and non-profitability of the retail sports betting experience.

As the regulatory landscape evolves in the United States, Novig is positioned to become a leading innovator with our unique focus on research and technology.

How does Novig approach compensation?

We are big believers in providing excellent compensation to everyone on the team as we build.

• We offer salaries at the top of the benchmarks you’d find for senior roles at big name companies
• We provide equity to all employees regardless of role. We are looking for people who can grow with us as we scale our team and product, and we think it’s important for all employees, especially our first few teammates, to have significant equity in the company so you have skin in the game and our incentives are aligned.

What benefits does Novig offer?

We are embarking on an ambitious journey and are committed to providing generous benefits, even at this early stage.

• Robust health, dental, and vision plans, covering 100% of health premiums and 90% of dental and vision premiums
• Generous 401(k) plan, matching up to 4% of base salary
• Health Savings Account (HSA) with $1,080 annual company contributions
• $24/day food or commuter stipend when working in our new office
• Wellhub (Gympass) membership for fitness